Common use of CONDITIONS TO THE COMPANY'S OBLIGATION TO ISSUE THE SHARES Clause in Contracts

CONDITIONS TO THE COMPANY'S OBLIGATION TO ISSUE THE SHARES. The Purchaser understands that the Company's obligation to issue the Securities at the Closing to the Purchaser pursuant to this Agreement is conditioned upon the following, unless waived in writing by the Company: (a) The accuracy at the Closing of the representations and warranties of the Purchaser contained in this Agreement as if made at the Closing and the performance by the Purchaser on or before the Closing of all covenants and agreements of the Purchaser required to be performed on or before the Closing. (b) The absence or inapplicability at the Closing of any and all laws, rules or regulations prohibiting or restricting the transactions contemplated hereby, or requiring any consent or approval, except for any stockholder or Board of Director approval or consent contemplated herein, which shall not have been obtained. (c) The delivery of the Conveyance Documents contemplated by the Asset Sale Agreement.